Is The Australian Property Bubble Bursting?

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The market’s performance has slipped slightly compared with the past four weeks, defying hopes the big interest rate cut early in the month would deliver improved conditions for vendors.

”While the clearance rate hovers around 60 per cent, it’s clear that the market continues to be impacted by low levels of consumer confidence,” REIV spokesman Robert Larocca said.

Buyers go missing (The Age)

Thanks Mark Geary

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